Dec 19, 2023

Thomson Reuters

FTSE 100 rises on lingering Fed rate cut hopes


UK's FTSE 100 rose on Tuesday on persisting hopes of interest rate cuts from the U.S. Federal Reserve and a dovish Bank of Japan (BOJ), though slipping energy stocks kept a lid on gains

Source: Freepik


Rate-sensitive real estate, real estate investment trusts and homebuilders were among the top gainers, rising between 0.6% and 0.8%

Source: Freepik


The blue-chip FTSE 100 gained 0.1% as of 0933 GMT, while the more domestically focussed FTSE 250 midcap index added 0.5%

Source: Unsplash


The BOJ maintained ultra-loose policy settings in a widely expected move

Source: AP Photo